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Armenian Parliament Ratifies Treaty For Free Trade Zone In Cis

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  • Armenian Parliament Ratifies Treaty For Free Trade Zone In Cis

    ARMENIAN PARLIAMENT RATIFIES TREATY FOR FREE TRADE ZONE IN CIS

    Kyiv Post
    http://www.kyivpost.com/content/russia-and-former-soviet-union/armenian-parliament-ratifies-treaty-for-free-trade-zone-in-cis-312807.html
    Sept 11 2012
    Ukraine

    Yerevan - The Armenian Parliament ratified a treaty for a special trade
    zone within the Commonwealth of Independent States (CIS) on Tuesday.

    The creation of a free trade zone in the CIS will facilitate Armenian
    GDP growth, the country's Economy Minister Tigran Davtyan told the
    parliament.

    Armenia's participation in this free trade zone will stimulate exports
    and remove restrictions imposed by customs duties, he said. The
    ratification of this treaty "is another integrative step in the CIS
    space," Davtyan said.

    This ratification will not bind Armenia to joining the Customs
    Union and will not limit the companies' opportunities to sign other
    agreements in the future, he said.

    Armenia is the fourth country to have ratified this document, following
    Russia, Belarus and Ukraine.

    The treaty for a free trade zone in the CIS was signed on October
    18, 2011 by eight countries - Russia, Armenia, Belarus, Kazakhstan,
    Kyrgyzstan, Moldova, Tajikistan and Ukraine.



    From: Emil Lazarian | Ararat NewsPress
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